Double celebration for Luxfer

LUXFER Holdings, the Salford-based speciality metals group that last week became the latest high-flying UK company to list its shares on Wall Street, missed out on a chance to ring the opening bells at the New York Stock Exchange (NYSE).

But it turns out the firm had a very good reason for opting out, as The Capitalist has learned that the group’s chief executive Brian Purves had to make a tough call between a moment of chiming glory and witnessing the birth of his very first grandchild.

In the end jetsetting Purves decided to jump on a plane and dash back to England on the day of listing to welcome the new baby.

The company saw its shares rise on its first day of trading on the NYSE last week, so Luxfer has plenty of happy news to raise a glass to at the moment.

Fortunately the group, which has 46 per cent of its revenues in the US, is planning both a bell ceremony and a street event in New York later this month, which should provide the perfect opportunity to mark both occasions.